Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against Backpack+0.012%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Long on BackpackShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 7 days+0.343%+$34 · spread now +0.012%, 7d avg +0.011%
Together, before fees+0.334%+ Points / potential airdropStandX: Active · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ETH_USDC_PERP2,738.50.0089pay 0.0011% / 1h56m 29s$15.0M$39.6M50x
ShortStandX ETH-USD2,738.80.0100get 0.0013% / 1h56m 29s$21.2M$69.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Backpack. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$2.41
Price spread: +0.012% → +0.011%
$0.07
Slippage, 4 orders
−$2.96
Fee Backpack: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$18.49
Costs to cover
0.210%
Break-even
60.8 days
Slippage from Backpack: live order book, 3 min ago; StandX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 3 min ago0.02 bp5.3 bp −$58.3 bp −$8329.9 bp −$2,987doesn't fit
Sell StandX live order book, 3 min ago1.28 bp5.4 bp −$58.6 bp −$8612.5 bp −$1,245doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0141%1h2,736.3−0.079%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.6+0.041%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.8−0.025%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741.3+0.102%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,742.5+0.147%$182K$834K50xas long as short
Perpl ETH0.0000%43m2,741.3+0.103%$300K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.2−0.010%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,739+0.019%$844K$2.9M25xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1+0.058%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0055%8h2,740.7+0.083%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0058%1h2,737.7−0.028%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,742.3+0.141%$1.69B$10.61B100xas long as short
Bullet ETH-USD+0.0070%1h2,736.7−0.066%$181K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,740.4+0.071%$380.7M$573.7M100xas long as short
Aster ETHUSDT+0.0082%8h2,739.1+0.023%$253.4M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735−0.127%$4.9M$154K20xas long as short
Backpack ETH_USDC_PERPlong+0.0089%1h2,738.5long leg$15.0M$39.6M50x
Binance ETHUSDT+0.0089%8h2,742.5+0.148%$6.37B$15.70B150xas long as short
MEXC ETH_USDT+0.0090%8h2,740.9+0.087%$1.56B$2.52B500xas long as short
Lighter ETH+0.0096%1h2,739.8+0.048%$112.4M$430.2M50xas long as short
Lighter RH ETH+0.0096%1h2,740.8+0.084%$24.6M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,736−0.091%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.6+0.115%$5.6M$11.4M25xas long as short
HTX ETH-USDT+0.0100%8h2,737.8−0.024%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.222%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.1+0.060%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1+0.133%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.7+0.154%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.1+0.095%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.2+0.134%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6+0.078%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.5+0.110%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.046%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.1+0.096%$3.39B$8.66B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.3+0.140%$2.08B$2.72B150xas long as short
Variational Omni ETH+0.0100%8h2,739+0.018%$133.0M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.7+0.010%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.8+0.011%$159.2M$83.5M50xas long as short
StandX ETH-USDshort+0.0100%1h2,738.8+0.012%$21.2M$69.5M40x
Vest ETH-PERP+0.0100%1h2,741.7+0.118%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7+0.154%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.5+0.075%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,736.3−0.080%$960K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,738.1−0.015%$266.0M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,740.2+0.065%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,739.6+0.041%$53.6M$4.25B50xas long as short
Aftermath Perps ETHUSD+0.0136%1h2,739.9+0.052%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,736.5−0.072%$7.6M$672.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,739.4+0.032%$260.0M$194.8M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,740+0.057%$32.2M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7−0.030%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.8+0.011%$85.9M$309.7M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.2+0.098%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3+0.030%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.6077%1h2,738.4−0.003%$21K$20K25xas long as short